Very highly possible trade towards 22300 and 22600. However wait for a retrace back to 22000-21800 for a low risk entry. Stop Loss should be place around 21400.
Happy Monday everyone!
From the yearly chart, it showed the Japan market's past journey from the 1970 to now.
There are 3 period for the JP market form the beginning.
1970-1990, the market soared.
1990-2008, the market declined.
2009-now, the market is rallying.
Now, the market is facing an strong yearly resistance.
The 0.618RET of the previous drop is at 26726 and the 1.618EXT of...
KIKKEI225 will keep being very probably bullish in the next months as most of the stock markets.
The bull trend should start when RSI crosses>53. The price already has crossed upwards a bullish MM70 over the MM210.
Averaging upwards at market price.
Target: 26 000+
Stop: 20 609
Opened: 22 200
Double bottom is seen. Once the resistance at 21550 is broken, a recovery towards 22050 and 22400 is high possible. However, this is still a counter trend trade, thus take profits once the target are hit. Have a good week everyone.
The Dollar could breathe and retrace after a few days of falling.
Nikkei index is set for a Bull run as specified in the previous post.
See the link below for NIKKEI225 setup
I see this market wanting to use that, to COMPLETE THE SETUP.
USDJPY aught to use that momentum to make a move from the
0.25 quarter to the 0.5 quarter , namely 112.5 to 115...
Its been a while since I published.
Ive been checking Nikkei 225 for a while. The market has moved to a long standing Bull Trend line, where its developed Bull reversal this trading week over the last two days.
With Asia session about to begin, watch for strong continuation. Yall know how JPY react. Very solid movers once a move is in play.
This current level...
This will be my views of Nikkei Japan Stock Index (Oct 2018)
Please make sure to read the "update" comment as there will be changes along the way.
Cheers.
S0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading...
Hello Traders,
Nikkei short-term Elliott wave view suggests that the decline to 22161 on 9/06/2018 low ended red wave 2. Above from there, red wave 3 remain in progress, nesting higher in an impulse structure. With lesser degree cycles showing sub-division of 5 waves structure in each leg higher i.e black wave ((i)), ((iii)) & ((v)) expected to unfold in 5 waves...
I am running a trailing stop on this pair - there is currently no upside target.
Once we have broken 24168, we are in relative un-chartered territory.
Currently oversold on the 2hr timeframe and the running support line is holding the buyers up.
Hello all,
I'm trying to analyse several bottom formations of different asset classes in order to find key take-aways that could be useful for the BTCUSD bottom formation.
On my profile page you can find the BTCUSD analysis based on the same principles.
The Japanese Nikkei bottom formation after 2008 financial crisis:
- Top 200 MA: 17 300
- Bottom 200MA: 8...
JPN225 has completed the WXY correction and it seems making one more wave up. After the completion of this wave i'm expecting a strong wave down to complete a potential flat correction on the long term.
